EOS Block Producer Claims Centralized Misconduct on the Network
Marie Huillet's original article for cointelegraph.com reduced by 55%
EOS Block Producer "EOS New York" has published data purportedly showing that six registered producers on the network are managed by a single entity. "Six registered producers on EOS are managed by a single entity. This is unacceptable.
We have requested the signatures of the top 50 registered producers so that all token-holders may know who does and who does not condone such impropriety." In the EOS ecosystem, Block Producers are analogous to miners on the Proof-of-Work-based Bitcoin blockchain or staking nodes on a Proof-of-Stake protocol. The difference with EOS lies in the network's consensus mechanism, "Delegated proof-of-stake," whereby - in keeping with the governance terms set by the EOS' constitution - network participants are able to stake their tokens to vote for BPs as "Elected delegates." Rather than merely staking EOS tokens as in a PoS system, Block Producers stake their investment in the network in the form of infrastructure, community support and development. For those seeking votes to become a BP, a barrier to entry is having sufficient resources to provide the infrastructure needed to drive the proper functioning and continual growth of the EOS ecosystem.
In its Twitter thread, EOS New York provides apparent evidence from the eos.net Registry Domain database, which suggests that each of the six domains it suspects of being managed by a single entity "Were registered at the same time by the same person/org..
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CN [too long; didn’t read]
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